Coast 2 Coast Funding Group Mortgage Rates, Fees & InfoIRVINE, CA
Tax ID: 20-4459706
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCoast 2 Coast Funding Group is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Coast 2 Coast Funding Group has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, San Diego, and Oxnard among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)
Coast 2 Coast Funding Group has an above average approval rate when compared to the average across all lenders. Coast 2 Coast Funding Group is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.01%||3/31/23|
|30 Year Conventional Refi||6.53%||3/31/23|
|30 Year Cash-out Refi||7.02%||3/31/23|
|15 Year Conventional Purchase||6.13%||3/31/23|
|15 Year Conventional Refi||6.28%||3/31/23|
|15 Year Cash-out Refi||6.28%||3/31/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$105,455,000
Coast 2 Coast Funding Group's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.41%.
Relative Fees (Closing Costs)
Coast 2 Coast Funding Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,479.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||98||$42,890,000||$437,653||$12,416||5.07%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||49||$17,735,000||$361,939||$11,207||5.39%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||35||$15,585,000||$445,286||$10,133||5.59%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||21||$9,985,000||$475,476||$12,974||4.74%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||14||$6,790,000||$485,000||$10,820||4.54%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||11||$6,375,000||$579,545||$9,726||5.34%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||8||$3,150,000||$393,750||$6,800||4.33%|
|BEND, OR (FHA|USDA|VA)||1||$1,985,000||$1,985,000||$12,560||5.00%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||2||$550,000||$275,000||$4,648||3.44%|
|Newport, OR (FHA|USDA|VA)||1||$285,000||$285,000||$3,251||6.13%|
|BAKERSFIELD, CA (FHA|USDA|VA)||1||$125,000||$125,000||$4,609||4.50%|
We use machine learning to identify the top lenders compared against COAST 2 COAST FUNDING GROUP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Coast 2 Coast Funding Group's most frequently originated type of loan was Conventional, with 241 originations.
For 2022, Coast 2 Coast Funding Group's most frequently cited loan purpose was Cash Out Refi, with 134 originations. The 2nd most popular reason was Home Purchase, with 93 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Coast 2 Coast Funding Group's most frequently cited loan duration was 30 Year, with 231 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Coast 2 Coast Funding Group's average total fees were $11,479, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 186 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Coast 2 Coast Funding Group's average interest rate for loans was 5.17%, while their most frequently originated rate bucket for loans was 5-6%, with 57 originations.
2022 saw Coast 2 Coast Funding Group place emphasis on $400k-600k loans with 99 originations, totaling $48,485,000 in origination value.
Coast 2 Coast Funding Group lent most frequently to those with incomes in the $100k-150k range, with 78 originations. The second most popular income band? $150k-250k, with 47 originations.
Applicant Debt to Income Ratio
Coast 2 Coast Funding Group lent most frequently to those with DTI ratios of 49%, with 28 originations. The next most common DTI ratio? 44%, with 28 originations.
Approval RatesTotal approvals of all applications
Coast 2 Coast Funding Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Points and Fees
|Points||Originations||Total Value||Average Loan|